Magazine article Anglican Journal

ABC Storefront Will Close: CoGS Throws Lifeline to Stewardship Initiative

Magazine article Anglican Journal

ABC Storefront Will Close: CoGS Throws Lifeline to Stewardship Initiative

Article excerpt

Mississauga, Ont.

The fate of the 106-year-old Anglican Book Centre (ABC), the oldest bookstore in Toronto, was sealed by the Council of General Synod (CoGS), which approved a recommendation during its fall meeting to shut down the storefront operation at Toronto's 80 Hayden St. and move to an Internet- and telephone-based operation.

But while it pulled the plug on the retail component of ABC, CoGS voted to extend the life of Letting Down the Nets, a two-year-old stewardship initiative approved by General Synod in 2004 as part of the church's new Framework, or strategic plan. CoGS infused the initiative with $200,000 to come from "anticipated revenue from undesignated legacies," or monies willed to General Synod. The money will fund Letting Down the Nets until June 2007. If no additional funds are raised by then, it would be up to the meeting of General Synod next June to rule on the future of the initiative, said Peter Blachford, treasurer of General Synod, the national office of the Anglican Church of Canada.

He also said that he hopes that funding Letting Down the Nets from undesignated bequests will not put General Synod in a deficit for 2007. But such a deficit may arise if the bequests are low, he said. On average, General Synod receives about $200,000 annually in bequests and legacies. If the program manages to raise $400,000 on its own, funding from undesignated bequests would not be used.

Canon Marilyn Dean, of the diocese of Saskatchewan, who moved the motion of support for Letting Down the Nets called the initiative "too important a piece of work to disappear." Sue Moxley, suffragan bishop of Nova Scotia and Prince Edward Island, seconded the motion, stating that expertise from the program "was essential to get us going on stewardship." Hers was among six dioceses where pilot projects for Letting Down the Nets were set up. Bishop Moxley also said that it was "unreasonable" to expect the program to produce financial results in two years.

(When it was approved at General Synod in 2004 and as recently as its Autumn 2006 newsletter, Letting Down the Nets was described as self-funding, supported by funding from dioceses and other organizations. "When Letting Down the Nets was approved at General Synod in 2004," said an item in the recent newsletter, "it was on the understanding that funding would have to flow from sources outside the General Synod annual budget.")

The financial management and development committee had alerted CoGS to the "potential suspension" of the Letting Down the Nets work due to lack of funds. It noted that while sufficient funds were donated to the initiative in 2005 (mostly by the diocese of New Westminster), "the volume of new funding received was less than expected." The program was granted a $100,000 loan from General Synod in June, to be paid back over a three-year-period, Funds from the loan, extended with the approval of the officers of General Synod, "have now been expended and new sources of (Letting Down the Nets) revenue have not yet materialized as expected," said the finance committee in its report.

Some CoGS members opposed the decision to infuse Letting Down the Nets with funds from undesignated bequests.

"I'm voting against this not because I'm against (Letting Down the Nets) but because we're going against the advice of the treasurer against using undesignated bequests," said Archdeacon Dennis Drainville of the diocese of Quebec. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.